STRUCTURAL steel company Severfield Rowen yesterday said its order book remained strong and it had seen little slowdown in enquiries for major construction projects.
The Thirsk-based company, which supplied steel for Heathrow's Terminal Five and Arsenal's Emirates Stadium, said orders had not deteriorated since it announced full year results last month, despite continuing economic uncertainty. Orders at that stag
e stood at about £455m.
"The order book has been very much sustained," chief executive Tom Haughey said. "Twelve months ago we had an order book half this level, and it stretches well into next year."
Mr Haughey said he was meeting clients every day in the company's target areas of town centre retail development, stadia and power stations.
London commercial development, he said, is "not as hot as a year ago, but there's still a good level of activity".
The group is also looking at power station development, after winning its first contract in the sector for a number of years, he said.
The company's shares slumped by more than 40 per cent to a two-year low of 222p in January after it said it was seeing a softening in some key markets.
Severfield is associated with niche, high-quality steel work and many thought it was immune to the general downturn.
Since then, it has made up some of its losses.
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